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MALLONEE v. FAHEY

No. 5421.

68 F.Supp. 418 (1946)

MALLONEE et al. v. FAHEY et al. HOME INV. CO. OF LONG BEACH v. MALLONEE et al. LONG BEACH FEDERAL SAVINGS & LOAN ASS'N v. FEDERAL HOME LOAN BANK et al. WALLIS v. FAHEY et al. TITLE SERVICE CO. v. FAHEY.

District Court, S. D. California, C. D.

September 5, 1946.

Attorney(s) appearing for the Case

Westover & Smith and Wyckoff Westover, all of Los Angeles, Cal., for plaintiffs.

Thomas & Wallace and H. O. Wallace, all of Long Beach, Cal., for Title Service Co.

Raymond Tremaine, of Los Angeles, Cal., for R. H. Wallis.

Charles K. Chapman, of Long Beach, Cal., for Long Beach Federal Savings and Loan Association.

James M. Carter, U. S. Atty., and Ronald Walker, Asst. U. S. Atty., both of Los Angeles, Cal., for A. V. Ammann and John H. Fahey et al.

Before ORR, Circuit Judge, and HALL and LING, District Judges.

ORR, Circuit Judge.

The Long Beach Federal Savings and Loan Association was organized in 1934 under the Federal Home Loan Bank Act, as amended 12 U.S.C.A. § 1421 et seq. At the time of its incorporation its assets had a value of approximately $7,500. It has had the same president and board of directors during the ensuing years under whose management and guidance the institution has expanded to a point where, at the time of the seizure hereinafter referred to...

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